ARP Americas LP Reduces Position in Fluor Co. (NEW) (FLR)

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ARP Americas LP lessened its stake in Fluor Co. (NEW) (NYSE:FLR) by 47.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 15,659 shares of the construction company’s stock after selling 14,241 shares during the period. ARP Americas LP’s holdings in Fluor Co. (NEW) were worth $576,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Legal & General Group Plc boosted its position in Fluor Co. (NEW) by 3.3% in the third quarter. Legal & General Group Plc now owns 757,940 shares of the construction company’s stock worth $44,037,000 after purchasing an additional 24,204 shares during the last quarter. Vanguard Group Inc boosted its position in Fluor Co. (NEW) by 1.2% in the third quarter. Vanguard Group Inc now owns 14,347,886 shares of the construction company’s stock worth $833,612,000 after purchasing an additional 175,647 shares during the last quarter. Oakbrook Investments LLC purchased a new position in Fluor Co. (NEW) in the fourth quarter worth $229,000. Bank of Montreal Can lifted its position in shares of Fluor Co. (NEW) by 26.7% during the 4th quarter. Bank of Montreal Can now owns 127,545 shares of the construction company’s stock valued at $4,106,000 after buying an additional 26,916 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its position in shares of Fluor Co. (NEW) by 12.2% during the 4th quarter. IFM Investors Pty Ltd now owns 9,378 shares of the construction company’s stock valued at $302,000 after buying an additional 1,016 shares during the last quarter. Hedge funds and other institutional investors own 86.37% of the company’s stock.

Shares of NYSE FLR opened at $29.04 on Friday. Fluor Co. has a one year low of $28.00 and a one year high of $60.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.04 and a current ratio of 1.49. The firm has a market cap of $4.06 billion, a PE ratio of 13.51, a PEG ratio of 1.40 and a beta of 1.77.

Fluor Co. (NEW) (NYSE:FLR) last released its quarterly earnings data on Thursday, May 2nd. The construction company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.68). Fluor Co. (NEW) had a net margin of 0.99% and a return on equity of 8.90%. The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter in the previous year, the firm posted $0.56 earnings per share. The business’s revenue for the quarter was down 13.1% compared to the same quarter last year. As a group, research analysts expect that Fluor Co. will post 1.66 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 3rd will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, May 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.89%. Fluor Co. (NEW)’s payout ratio is 39.07%.

In related news, CEO Carlos M. Hernandez acquired 17,001 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average cost of $29.52 per share, for a total transaction of $501,869.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ray F. Barnard sold 3,318 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $37.04, for a total value of $122,898.72. Following the sale, the insider now owns 75,739 shares in the company, valued at $2,805,372.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,570 shares of company stock worth $506,670. 1.40% of the stock is currently owned by corporate insiders.

A number of brokerages have recently commented on FLR. Zacks Investment Research cut Fluor Co. (NEW) from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 7th. DA Davidson dropped their price target on Fluor Co. (NEW) to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. ValuEngine raised Fluor Co. (NEW) from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 28th. UBS Group dropped their price target on Fluor Co. (NEW) from $62.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, MKM Partners set a $39.00 price target on Fluor Co. (NEW) and gave the company a “hold” rating in a research report on Friday, April 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $46.45.

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About Fluor Co. (NEW)

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide. It operates through four segments: Energy & Chemicals; Mining, Industrial, Infrastructure & Power; Diversified Services; and Government.

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Institutional Ownership by Quarter for Fluor Co. (NEW) (NYSE:FLR)

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